The embattled sustainable sneaker manufacturer will try to become profitable in 2024 with several domestic and international initiatives outlined at the Morgan Stanley investor conference, with short-term top line impacts coming from major changes in its international model. Of its six international regions, the company has already transitioned two from a direct to distributor model, with letters of intent signed for two more which will take place next fiscal year. While the move will significantly decrease operating expenses and boost the segment north of a 20% contribution margin, the change will ... Log in to view full article.